85 East Mosholu Parkway North — Sale in Bronx, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Bronx, NY 10467

Investment Figures

Cap rate
7.90%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to offer the following opportunity in one of the most sought- after neighborhoods in the Bronx. 85 East Mosholu Parkway North is a 37-unit walk-up, ideally located in prime Norwood between Van Cortlandt Avenue and Jerome Avenue. Encompassing 31,875 square feet, this building has 11 apartments unencumbered by rent stabilization laws. With an average rent of $1,395 per free market unit, this opportunity allows an investor to implement a value-add strategy and increase rents through Section 8 subsidy standards. Owned and operated by the same group for nearly 25 years, 85 East Mosholu Parkway is ideally located near Van Courtlandt Park Golf Course, The Bronx Zoo, Fordham University, Montefiore Hospital, and the Mosholu Park 4 Train. Investment Highlights: • 85 East Mosholu Parkway North, a meticuoulsy maintained asset, is a 37-unit walk-up composed of 32 one-bedroom and 5 two-bedroom apartments. 11/38 apartments are free market. • 7.9% Cap Rate | $94,459 per unit | 5.8x GRM • 85 E Mosholu Parkway North is conveinently located near Van Courtlandt Park Golf Course, The Bronx Zoo, Fordham University, Montefiore Hospital, and the Mosholu Park 4 Train.

Market Context

This multifamily in Bronx, NY is listed for sale. It is offered at an approximate 7.9% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 86 days. Compare it against other multifamily listings for sale in Bronx, NY — view the full market.

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